Gas Station Financing in Richmond, KY for the Store Side: Hot-Food Equipment and Automotive-Aisle Stock

Requests here cover the store: countertop food equipment, shelving, stock for the aisles and the payroll and supply bills of the shop. Fuel equipment of any kind, including tank monitors, is not funded through this site. Built-in counters and walk-in coolers are part of the building, which makes them property work outside this site as well.

• Countertop food equipment such as roller grills, warmers and ovens that plug in
• Freestanding shelving and checkout-area racks
• Stock for the snack, drink and automotive aisles
• Store payroll, supply bills and a one-time repair to store equipment

For the store side, inventory financing fits a stock order, equipment financing fits a machine, and a term loan can spread a larger one-time store cost. A merchant cash advance is another option a partner may offer a store with steady card sales; the provider buys a share of future card sales rather than lending money.

Invented figures for illustration: a Madison County, KY gas station store adds a roller grill at $2,890.00, a heated display case at $4,120.00 and a countertop oven at $3,575.00, $10,585.00 on one quote.

At a 12.65% annual rate on a three-year equipment schedule, the grill, case and oven would cost the store an invented $354.87 a month. The 36 invented payments total $12,775.32, so the three machines carry $2,190.32 of interest.

All three sit on the counter and plug in. If the oven needs a new outlet or circuit, that is property work and stays outside the financed amount in this invented case.

Invented figures for illustration: a Richmond, KY convenience store resets its automotive aisle with motor oil, wiper blades and antifreeze and restocks its snack racks, $12,840.00 of goods at cost, through inventory financing at a 14.05% annual rate. The store pays interest on each month's opening balance and a third of the cost each month.

Across the three invented months the stock costs $300.67 of interest, and the balance is cleared at the end of month 3.

Motor oil and snacks may sell at different paces, so a store may want the pay-down dates to match how its own sales records show each kind of stock moving.

County Business Patterns counted 53 gasoline station employer establishments in Madison County, KY for 2023, and 50 of them were Gasoline Stations with Convenience Stores, the code for a station with a shop. The 53 stations had 727 people on payroll in the March pay period the survey uses, and their annual payroll came to $25.1 million.

Twenty-four of the 53 stations, or 45.3%, had fewer than five employees, so a store run by a few people is as much a part of the count as a large one.

The payroll figure covers everyone a station employs; County Business Patterns does not split it between the register, the food counter and the rest of the business.

Convenience Stores (NAICS 445120), the code for shops without fuel sales, counted 5 employer establishments in Madison County, KY for 2023, four of them with fewer than five employees.

ZIP Code Business Patterns, which sorts employers by street address, listed 39 gasoline stations in ZIP 40475 for 2023. Four stand-alone convenience stores had an address in the same ZIP.

Grocery stores fall under a different code from both of these, and they appear with other store types in the size table on the retail page. A station shop and a grocery can send the same request, and a funding partner may weigh each on its own figures.

Stores and shops of other kinds are on the industries page, and county figures for all employers are on the Richmond, KY page.